UK manufacturing and industrial production beat estimates

By IBT Staff Reporter On 03/10/11 AT 4:42 AM

UK manufacturing production rose to 1.0% in January from -0.1% in December, higher than estimates of 0.4%, while the annual reading came in at 6.8%, exceeding forecasts of 6.3% and the prior of 4.4% which was revised to 4.5%.

Industrial production for the same month reached 0.5%, above estimates of 0.4% while the initial reading of 0.5% was revised up to -0.6%. The year on year reading surged to 4.4%, above forecast of 4.2% and the prior reading of 3.6% which was revised up to 3.7%.